According to media reports, Treasure DAO completed a $3.5 million post-round financing on September 26, 2022. Participating investors in this round included Digital Strategies, 1kx, IOSG Ventures, Arbitrum / Offchain Labs, Alchemy Ventures, ID Theory, KGeN, Neon DAO, StreamingFast, and Skycatcher. Following this round, Treasure DAO’s total funding reached $6.5 million, with its latest valuation at $80 million.Treasure DAO is a decentralized NFT ecosystem built on the Arbitrum network, focused on metaverse project development. The platform utilizes the MAGIC token as its native asset and sole medium of exchange; all projects listed on the Treasure marketplace use MAGIC within their respective metaverses, each featuring unique worldviews and narrative backgrounds. Through the MAGIC token, projects within the Treasure ecosystem are closely interconnected both narratively and economically.It is notable that Treasure DAO has experienced significant volatility throughout its development. The project first launched MAGIC token trading in November 2021 and secured $3 million in funding in December 2021. However, in March 2022, the platform suffered a hacking incident resulting in losses of approximately $1.4 million. Despite this setback, the team maintained its growth trajectory and completed a new funding round in September of the same year. According to recent updates, due to financial difficulties, Treasure DAO plans to terminate its game operations and Treasure Chain business in July 2025 and will migrate to Abstract Network. These developments highlight the uncertainty and challenges inherent in the blockchain gaming industry and underscore the need for projects to prioritize security and sustainable growth.